During the meeting Bakhyt Sultanov reported the President of Kazakhstan on the Ministry’s results for the first 9 months of the current year, implementation of the national and local budgets, as well as the accomplishment of instructions given on the basis of the Government’s expanded meeting as of September 9, 2016 under the Head of State’s chairmanship.
Nursultan Nazarbayev focused on further effectivization of budget processes, use of a rational approach for budget creation aiming for government programs to stimulate economic growth.
The President of Kazakhstan emphasized the need for implementing the "second wave" of privatization measures.
- It is required to ensure highest possible transparency and efficiency when providing public facilities fully owned by both domestic and foreign investors, Nursultan Nazarbayev said.
In addition, the President has assigned the tasks in relation to the final stage of property legalization campaign. The President of Kazakhstan, among other things, having mentioned the creation of transparent conditions for carrying out the action, highlighted its impact on the economy.
- Legalization makes it possible to identify the assets that at a later stage will work for the economy, increasing the budget through taxes. That is one of the principal tasks of the tax system, Nursultan Nazarbayev said.
The Finance Minister pointed to the stabilization of revenues and increase in the current year by 7.4% due to changes in legislation and improving tax and customs administration inside of sound economic policies and implementation of Nurly Zhol state program.
Following the meeting the Head of State has given a number of particular instructions.
